Reversion
This is an old revision of this page, as edited by Aschlafly (talk | contribs) at 05:51, January 20, 2007. It may differ significantly from current revision.
A reversion is a property interest retained by an owner when he conveys less than an absolute interest in the property. The owner or grantor retains a reversion when he holds a present or future interest in the property.
For example, a donation of a field to a town on the condition that it always be used for Little League creates a reversion in the donor in the event that specified use ceases.